Dana Inc (NYSE: DAN) director reports 11 dividend equivalent rights on Form 4
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Dana Inc11/28/2025, the director acquired 11 dividend equivalent rights as derivative securities. These rights accrued on previously granted restricted stock units and become exercisable in step with those underlying units. Each dividend equivalent right is described as the economic equivalent of one share of Dana common stock, giving the director derivative exposure tied to 11 shares, held as a direct ownership position.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Nelligan Hanna Olivia
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Dividend Equivalent Rights | 11 | $0.00 | -- |
Holdings After Transaction:
Dividend Equivalent Rights — 11 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Dana Inc (DAN) report on this Form 4?
The filing reports that a director of Dana Inc acquired 11 dividend equivalent rights as derivative securities on 11/28/2025.
How many dividend equivalent rights were reported for Dana Inc (DAN)?
The director acquired 11 dividend equivalent rights, with 11 derivative securities beneficially owned following the reported transaction.
What do the dividend equivalent rights represent for Dana Inc (DAN)?
Each dividend equivalent right is described as the economic equivalent of one share of Dana common stock and is tied to previously granted restricted stock units.
How do the dividend equivalent rights become exercisable at Dana Inc (DAN)?
The filing states that dividend equivalent rights accrued on previously granted restricted stock units and become exercisable proportionately with those restricted stock units.
What type of security underlies the derivative position reported for Dana Inc (DAN)?
The derivative securities are tied to Dana common stock, par value $0.01, with 11 shares underlying the 11 dividend equivalent rights.
Is the reported ownership of the derivative securities direct or indirect for Dana Inc (DAN)?
The Form 4 indicates that the 11 dividend equivalent rights are held with direct (D) ownership by the reporting person.